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Quick Jacket Potato with Coleslaw – 70p Recipe (Including Electricity)

  This simple, filling meal costs just 70p per portion, including food and the electricity to cook it. Quick to make, budget-friendly, and no unnecessary extras. Ingredients (Per Person) Jacket Potato: 1 large baking potato – 25p Small drizzle of oil, salt, pepper – 2p Homemade Coleslaw: ¼ white cabbage – 15p 1 carrot – 10p Small slice of red onion – 3p 2 tablespoons mayo – 10p 1 teaspoon vinegar/lemon juice – 2p Salt and pepper – 1p Electricity: Microwave (8 minutes) – 3p Air fryer (5 minutes) – 2p Method 1.  Jacket Potato Wash and prick your potato. Microwave for 8 minutes until soft (approx. 3p electricity). Pop in the air fryer at 200°C for 5 minutes to crisp up the skin (2p electricity). 2.  Homemade Coleslaw Finely slice cabbage, carrot, and red onion. Mix with mayo, vinegar, salt, and pepper. 3.  Serve Slice open your hot crispy potato and top with your fresh coleslaw. Total Cost (Per P...
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Create a Budget That Works

Creating a Budget That Works: Actionable Steps for Financial Success

Introduction: Why Budgeting Matters

Creating a budget is one of the most effective ways to take control of your finances. It helps you understand where your money is going, plan for future expenses, and achieve your financial goals. Here’s a step-by-step guide to creating a budget that works for you.

Step 1: Determine Your Income

  • List All Sources of Income: Include your salary, freelance work, side hustles, and any other sources of income.
  • Calculate Net Income: Make sure to use your net income (after taxes and deductions) to get an accurate picture of what you have to work with each month.

Step 2: Track Your Expenses

  • Record Every Expense: For at least one month, write down every single expense. Use apps, spreadsheets, or a simple notebook.
  • Categorize Expenses: Divide your spending into categories such as housing, utilities, groceries, transportation, entertainment, and savings.

Step 3: Set Financial Goals

  • Short-Term Goals: These might include saving for a vacation, building an emergency fund, or paying off a small debt.
  • Long-Term Goals: Think about retirement, buying a home, or saving for your child’s education.

Step 4: Create Your Budget

  • Fixed Expenses: List your fixed expenses, such as rent/mortgage, utilities, insurance, and loan payments. These are costs that remain the same each month.
  • Variable Expenses: Include variable expenses like groceries, entertainment, and dining out. These can fluctuate each month.
  • Savings and Debt Repayment: Allocate a portion of your income to savings and debt repayment. Aim to save at least 20% of your income if possible.

Step 5: Adjust and Balance

  • Compare Income and Expenses: Subtract your total expenses from your total income. If you’re spending more than you earn, look for areas to cut back.
  • Prioritize Needs Over Wants: Focus on essential expenses

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